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Deepanshu Jain 6 years, 8 months ago
This says that business & businessman are the two sepesepa legal entity.
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Sia ? 4 years, 6 months ago
| BASIS FOR COMPARISON | EXPLICIT COST | IMPLICIT COST |
| Meaning | The costs which involve outflow of cash due to the use of factors of production is known as Explicit Cost. | The costs in which there is no cash outlay, is known as Implicit Cost. |
| Alternatively known as | Out-of-pocket Costs | Imputed Costs |
| Occurrence | Actual | Implied |
| Recording and Reporting | Yes | No |
| Estimation of Cost | Objective | Subjective |
| Which profit can be calculated with the help of cost? | Accounting Profit and Economic Profit | Economic Profit |
| Example | Salaries, rent, advertisement, wages, etc. | Interest on owner's capital, Salary to owner, rent of owner's building, etc. which do not occur in reality. |
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Aa_M _Iii 6 years, 8 months ago
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Posted by Tanuj Shrivastava 6 years, 8 months ago
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Yogita Ingle 6 years, 8 months ago
The double entry system of accounting or bookkeeping means that for every business transaction, amounts must be recorded in a minimum of two accounts. The double entry system also requires that for all transactions, the amounts entered as debits must be equal to the amounts entered as credits.
Posted by Kamna Dangre 6 years, 8 months ago
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Yogita Ingle 6 years, 8 months ago
Kp is used for reactions involving gases, and the equilibrium constant is expressed in terms of the partial pressures of the gases. Whereas, Kc is used as a general constant, and the concentrations (in moles/liter) are used in calculating its value.
Kc is the ratio of products concentration over reactants concentration and Kp is the ratio of products partial pressures and reactants partial pressures.
Posted by Prabhjeet Singh 6 years, 8 months ago
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Yogita Ingle 6 years, 8 months ago
A cricket player lowers his hands while catching a fast moving ball because this action helps in preventing injury to the hands. As a fast moving ball has a large momentum . In stopping (or catching) the ball its momentum is reduced to zero. Now , when a player moves back his hands on catching the fast ball , then the time taken to reduce the momentum of the ball is increased . Due to more time taken to stop the ball , the rate of change of momentum of the ball is decreased and hence a small force is exerted on the hands of player. So , they do not get hurt.
Posted by Sumit Bisht 6 years, 8 months ago
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Gaurav Seth 6 years, 8 months ago
Meaning: The production possibility curve is the curve which represents all those combinations of two commodities that can be produced with full utilization of resources in the most efficient way, which give the same level of satisfaction to a consumer.
Properties of PPC:
- PPC slopes downwards from left to right: It is because in a situation of fuller use of the given resources, production of both goods cannot be increased simultaneously. for example, More of Good X can be produced only with less production of Good Y.
- PPC is concave to the point of origin: It is because to produce each additional unit of Good X, more units of Good Y will have to be sacrificed. Opportunity cost of producing every additional unit of Good X tends to increase in terms of the loss of production of Good Y. Production will act upon the law of increasing marginal opportunity cost.
- All points which lie on the PPC are the set of combination of two goods with the full utilization of resources and efficient utilization of technology.
Posted by Gurpreetsingh Lotey 6 years, 8 months ago
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Yogita Ingle 6 years, 8 months ago
Skill : A skill is the ability to perform a whole movement. Skill can be defined as automatisation of motor action.
Technique: It is an basic movement of any sports or event. We can say that a technique is the way of performing skill.
Posted by Ketan Patil 6 years, 8 months ago
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Sankalp Awasthi 6 years, 8 months ago
Posted by Adarsh Singh 6 years, 8 months ago
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Yogita Ingle 6 years, 8 months ago
Weak Nuclear Force: This force appears only in certain nuclear processes such as the β-decay of a nucleus. In β-decay, the nucleus emits an electron and an uncharged particle called neutrino.This particle was first predicted by Wolfgang Pauli in 1931.
Posted by Anshuman 264 6 years, 8 months ago
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Savrit Mor 6 years, 8 months ago
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Durga Verma 6 years, 8 months ago
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